IV bags are used in the intravenous therapy to provide life-sustaining IV fluids, medications, and electrolytes to the patients. In intravenous therapy liquid directly enters into the vein and shows faster therapeutic action compared to oral therapy. Generally, polypropylene bags are used as IV bags due to their inert nature.

Market Dynamics: IV Bags Market

Rise in adoption of intravenous therapy, increase in the prevalence of chronic diseases, and rise in aging population are anticipated to fuel the IV bags market. Moreover, rise in awareness about advantages of intravenous therapy, affordability and availability, and growing demand for storage of blood and other blood products are anticipated to propel the IV bags market over the forecast timeframe. However, stringent regulatory policies, risk of infection and injuries to vein due to long-term administration of needle, improper monitoring of intravenous therapy, and alternatives for IV bags such as glass and plastic bottles may hamper the growth of IV bags market over the forecast timeframe.

Based on the product type, the market is segmented into the following:

Single Chamber IV Bags

Multi-Chamber IV Bags

Based on the material type, the market is segmented into the following:

Polypropylene

Polyvinylchloride (PVC)

Ethylene Vinyl Acetate

Copolyester Ether

Based on the size, the market is segmented into the following:

500-1000 ml

250-500 ml

Up to 250 ml

Based on the application, the market is segmented into the following:

Blood Storage

Blood Transfusions

Medications

Electrolyte Imbalance

Based on the distribution channel, the market is segmented into the following:

Hospital Pharmacies

Retail Pharmacies

Online Pharmacies

Based on the region, the market is segmented into the following:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Market Summary: IV Bags Market

Global IV bags market growing at significant rate owing to increase in the geriatric population leads to increase in the prevalence of chronic disease and need long-term treatment for these diseases. Most of the market players are actively involved in the development of newer products for intravenous therapy. Moreover, product approval, product launches, acquisitions and mergers, and collaborations are the key strategies adopted by the market players for dominating the IV bags market. For instance, in November 2016, Mallinckrodt Pharmaceuticals received FDA prior approval supplement for Ofirmev (Acetaminophen) injection available in IV bag. Similarly in December 2014, Taiho Pharmaceutical Co., Ltd., received approval for the manufacture and marketing of Zosyn 4.5 for IV bag, that contains injectable antibiotic with β-lactamase inhibitor.

Regional Analysis: IV Bags Market

Geographically, IV bags market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America IV bags market is driven by increase in the prevalence of chronic diseases such as cancer and rise in R&D for innovation of newer medications. Europe IV bags market has a lucrative growth owing to well-developed healthcare infrastructure, high adoption of intravenous therapy, and increase in the prevalence of chronic diseases coupled with innovation of newer medicines are anticipated to bolster the market. Asia Pacific IV bags market has a significant share owing to increase in geriatric population in India, China, and Japan, rise in medical tourism in Asia Pacific region, and increase in awareness about intravenous therapy. Latin America IV bags market is growing at a significant CAGR owing to increase in the prevalence of chronic diseases, economic growth, and adoption of newer intravenous medications are boost the market. Middle East and Africa IV bags market has a lucrative growth, which is attributed to expansion of the business by market players, increase in the incidence of malnutrition cases, and rise in healthcare expenditure.

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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